Annaly Capital Management Inc (NYSE:NLY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Annaly Capital Management Inc. has received an average rating of "Moderate Buy" from analysts, with three holding and seven buying recommendations.
• Recently, the firm reported $0.73 earnings per share (EPS), surpassing analysts' expectations of $0.72, along with revenue of $273.20 million for the quarter.
• The company declared a quarterly dividend of $0.70, yielding an annualized rate of 13.7% but has a high payout ratio of 277.23%.

Shares of Annaly Capital Management Inc (NYSE:NLY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.7222.

NLY has been the subject of several analyst reports. UBS Group reissued a "neutral" rating and issued a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. JPMorgan Chase & Co. dropped their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Royal Bank Of Canada dropped their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th.

Institutional Trading of Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bayesian Capital Management LP acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $730,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $4,448,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Annaly Capital Management by 9.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 459,935 shares of the real estate investment trust's stock valued at $8,417,000 after purchasing an additional 40,963 shares in the last quarter. Icon Advisers Inc. Co. purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $5,806,000. Finally, Diversified Trust Co purchased a new stake in shares of Annaly Capital Management in the first quarter valued at about $466,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.9%

Shares of NYSE NLY opened at $20.42 on Tuesday. The firm's 50-day moving average price is $19.72 and its 200-day moving average price is $19.91. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 4.88 and a beta of 1.20. Annaly Capital Management has a 12-month low of $16.59 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. The firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. On average, equities research analysts anticipate that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.7%. Annaly Capital Management's payout ratio is presently 277.23%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.

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